I grew up in Boston, went to college and graduate school there, and frequently go back to visit friends and family. It’s one of my favorite cities
- if you are attending BAI Retail Delivery, here’s my recommendations for “unique to Boston” restaurants, places to go, sites to see. Continue reading
We recently described strategies you should implement now to improve management of deposit fee income. These are even more important now that Sen. Dodd has introduced legislation that would severely restrict overdraft fees.
Some type of bill is widely expected to pass, and while we hope the final regulations will be less restrictive, nevertheless it is inevitable there will be significant limitations on deposit fee income.
According the Senate website, the legislation introduced by Senator Dodd (“The FAIR Overdraft Coverage Act”) has the following key provisions: Continue reading
Guest article
by Catherine A. Ghiglieri, former Texas Banking Commissioner and President of Ghiglieri & Company based in Austin, Texas. She is co-founder of The Bank Directors’ College which provides training to bank directors
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Bankers are hearing horror stories about examiners’ demands and are confused as to how to plan for their next examination. What should they focus on? And will those things be the wrong things when the examiners come into their bank?
Here is a guide to preparing for your next examination and to know what the regulators want, so that you can have the best examination results possible. It is especially important because regulators want you to identify your problems before they come into your bank for an examination. This is not always easy since oftentimes what regulators view as problems, bankers do not. If the examiners identify problems that you don’t, they will come down harder on you. They will rate your bank more harshly, rate management more harshly, and take a harsher enforcement action against the bank.
Understanding what the regulators view as problems and looking at your bank objectively so you can identify the problems before the examiners arrive will allow you to prepare for your next examination for the best possible outcome.
Here is a formula that you can utilize to brace for your next examination: Continue reading
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